Morocco's Strategic Cash Surplus Maneuvers
In a significant move, the Moroccan Treasury and External Finance Department, operating under the Ministry of Economy and Finance, has executed three substantial cash surplus investments totaling MAD 13.2 billion.
The first transaction involved a repo investment valued at MAD 11 billion, spread over seven days, with a weighted average rate of 2.78%, as detailed in a press release from the department.
The second investment, also a repo, amounted to MAD 1.3 billion over a five-day period, carrying a weighted average rate of 2.38%. Additionally, a third unsecured investment of MAD 900 million was made for a single day at a weighted average rate of 2.75%.
These financial maneuvers reflect the strategic efforts of Morocco's treasury to optimize cash management efficiently.